Instructor-created question Doyle Transport assembles prestge manufactred hores lts ob costng system has two dredcost categories (drect meewis and dot mantoturing later)and one indrect cost pool (manufacturing overhead allocated at a budgeted $21 per machine-hour in 2014) The following data (in milions) show operation costs for 2014 EEB(Clck the con to view the operations data (in milions) Read the tequarements (Note Requirement 1 has been eliminated for this problem You will only need to complete Requirements 2,3, and 4 Requirements 2 and 3. Prepare joumal entries Number your entres Expianations for each entry may be onited Post to T.accounts What is the ending balance of work in Process Control? Show the journal entry for dsposing of under- or overalocaled manufachuring overhoad directy as a yoar end witdeolf to Cost of Goods Sold Post all the entry to T-accounts Record ino purchase of matenats, % 158 Record detts trst, ten credts Exclude explanations from any jomai entes ) Journal Entry Debit Credit n millions) (1) Matenals Control 158 Accounts Payable Control Record the drect matorials used, $148 Journal Entry Accounts DebitCredt Choose from any list or enter any number in the input fields and then dilck Check Answer All parts showing Clear All Check Answer Operations data (in millions) ow op Materials Control, beginning balance, January 1, 2014 Work-in-Process Control, beginning balance, January 1, 2014 Finished Goods Control, beginning balance, January 1, 2014 Materials and supplies purchased on credit Direct materials used Indirect materials (supplies) issued to various production departments Direct manufacturing labor Indirect manufacturing labor incurred by various production departments Depreciation on plant and manufacturing equipment Miscellaneous manufacturing overhead incurred (ordinarily would be detailed S 14 10 15 158 148 18 94 37 19 hat is t writeof as repairs, utilities, etc, with a corresponding credit to various liability accounts) Manufacturing overhead allocated, 4,000,000 actual machine-hours Cost of goods manufactured Revenues Cost of goods sold 14 298 401 299 Print Done Clear All Check An eliminated for this problem. You will only need to complete Requirements 2, 3, and 4) journal entries. Number your entries. Explanations for each entry may be omitted. Post to T-accounts the journal entry for disposing of under- or overallocated manufacturing overhead directly as a year-e Requirements 1. dentify the components of the overview diagram of Doyle Transport's job-costing system 2. Prepare journal entries. Number your entries. Explanations for each entry may be omitted Post to T-accounts. What is the ending balance of Work-in-Process Control? 3. Show the journal entry for disposing of under- or overallocated manufacturing overhead directly as a year-end writeoff to Cost of Goods Sold. Post the entry to T-accounts 4. How did Doyle Transport perform in 2014 Print Done Accounts Debit Credit ter any number in the input fields and then click Check Answer. Clear All